Sunday, July 22, 2012

What Jobs? After NAFTA-Style Deal, an Unparalleled Surge in Korea Trade Deficit

What Jobs? After NAFTA-Style Deal, an Unparalleled Surge in Korea Trade Deficit

By Ben Beachy July 22, 2012Last year, President Obama sold the U.S. public the promise that a NAFTA-style deal with Korea would bring jobs by boosting U.S. exports. At the time, this claim contradicted even the government’s own projection that the trade deal would worsen the U.S.’s trade balance with South Korea. Now, it appears to contradict the evidence.